XOB On January 1, 2013, Veldon Co, a US. corporation with the US dollar as its functional currency, established Malont Co. as a subsidiary. Malont is located in the country of Sorania, and its functional currency is the stickle (S). Malont engaged in the following transactions during 2013 January 1, 2013: Issued common stock for $500,000 July 14, 2013: Sold a patent at a gain of $40,000 October 1, 2013: Paid dividends of $60,000 Malont's operating revenues and expenses for 2013 were 5800,000 and $650,000, respectively. The appropriate exchange rates were: January 1, 2013: 51-$2.5 July 14, 2013: 51-$2.1 October 1, 2013: 51-$2.6 December 31, 2013: 51-$2.7 Average, 2013: 51-$2.4 Calculate the translation adjustment for Malont. (Round your answers to the nearest whole dollar.) O $ 162,000 negative. O $163.800 negative O $162.000 positive. 5 163,000 positive O $161,000 positive.